LG finishes bottom of new phone eco-rating system August 24, 2010 LG received a blow to its struggling smartphone division yesterday as it crashed to the bottom of a new eco-rating ranking list devised by O2. The rating, which will be marked on points of display in O2 stores, was released after research found 44 per cent of phone users would be influenced by the environmental [...]
One in ten adults say they won’t retire August 24, 2010 ONE?in ten adults don’t expect to retire, according to a survey, while almost half say they don’t know when they will be able to give up work. According to the survey from Baring Asset Management, 10 per cent of the working population – equivalent to some 3.5m people – don’t plan to stop working at [...]
CITY MOVES | WHO’S SWITCHING JOBS August 24, 2010 Insynergy The boutique investment management firm has appointed Nicola Large as its new commercial director. Large joins from emerging markets-focused private equity firm Actis, where she was an analyst in the investor development group, focusing on the African private equity and global infrastructure sectors. She also previously worked in corporate finance at Smith and Williamson. [...]
BEST OF THE BROKERS August 24, 2010 CHARTER Panmure cuts its rating on Charter to “Hold” from “Buy” saying it is concerned over revenue visbility for 2011. Notes Howden’s order intake for delivery is lower than expected, and therefore likely to create a revenue shortfall. Believes the share’s underperformance is set to continue, barring a possible recovery in power sector orders. BP [...]
The pound’s rally stalls August 24, 2010 FOREX traders diligently looking at the cable chart in recent weeks might be rather gloomy about the outlook for the pound. Yesterday it broke below a key level against the dollar, which suggests there could be further weakness to come. That level was $1.5490, the 200-day moving average, which indicates that sterling has lost its [...]
AUSSIE RALLY CHALLENGES FX WISDOM August 24, 2010 DIRECTOR OF CURRENCY RESEARCH, GFT ONE of the ironclad rules of FX trading is that political turmoil triggers instant selloffs in the country’s currency as speculators run first and ask questions later. Last weekend Australia held an election that resulted in a hung parliament for the first time in 70 years. With 76 seats needed [...]
Thai growth shrugs off the political turmoil August 24, 2010 THERE aren’t many economies that can experience three months of political protest without it denting growth, but that is exactly what HAS happened to Thailand. The protests, which lasted from March to May, saw the National United Front of Democracy Against Dictatorship, otherwise known as the Red Shirts, try to oust prime minister Abhisit Vejjajiva. [...]
THE TIPSTER August 24, 2010 WITH the yen hitting a nine-year high against the euro, people have wondered if it can go any further. But coupled with poor economic data continuing to come out of Europe, the trend is likely to continue. Cantor Index offers a euro-yen spread of ¥106.70-¥106.72. The single currency continues to lose ground as risk appetite [...]
FOREX ANALYST PICKS August 24, 2010 FOREX STRATEGIST DAVID RODRIGUEZ My pick: Stay short euro-dollar below $1.2750 Expertise: Algorithmic trading Average time frame of trades: Two-10 weeks I remain short the euro-US Dollar pair from $1.2850 and I believe we will see continued declines throughout the near-term. A hold below $1.2750 keeps my bearish bias intact, as this represents key short-term [...]
Why the unconventional approach to global income can pay dividends August 24, 2010 FOR a manager of a billion-pound global fund that is more than a century old, Bruce Stout, fund manager for Murray International Investment Trust and a senior portfolio manager on the global equities team at Aberdeen Asset Management, holds few conventional views about the markets, the economy, and stock-picking. For a start, at a time [...]
